Simplification is the Next Catalyst For DeFi

DeFi is a hotbed of the latest innovative FinTech services. Among many other factors, providing simplistic ways for investors to access DeFi services will be one of the major growth catalysts for the ecosystem.

A similar thought was shared in a recent publication on BeInCrypto. The article acknowledging the many complexities existent in DeFi, further stressed how simplification will be a gamechanger for the ecosystem.

“Automating and simplifying decentralized financial products removes many complex barriers that prevent people from quickly understanding and accessing finance. This literacy is valuable. In the future, it will allow consumers to transfer, trade, borrow and lend beyond geographical borders and regulations.”

3Key Technologies believes that within the next decade, the traditional finance sector will be superseded by DeFi. However, getting there, users must be able to access the available DeFi protocols conveniently, at low cost and most importantly, generate better earnings. This is why with the aid of LYRA, 3Key aims to improve financial inclusion, increase liquidity in the DeFi space and reduce costs for investors.

With about 1.7 billion adults unbanked globally, the growth potential for DeFi in the near future continues to remain promising. However, a steady in-flow of investors is equally important.

Currently most users in the DeFi space are those with a high level of knowledge in crypto and the technicalities that accompany DeFi. To encourage more adoption among less tech-savvy investors, 3Key aims to make the space more accessible and easily understandable for the regular user.

3Key Technologies employs the use of its proprietary AI technology, LYRA to allow clients to participate in complex DeFi solutions with a click of a button. A 1-click method for easy participation.

As DeFi gets simpler and easier to access, more potential users and beginners will find it attractive and a better alternative to traditional finance. This is at the core of what 3Key Technologies offer, providing a full suite of DeFi portfolio management products that simplifies the DeFi user experience. It streamlines the complexity behind DeFi’s inner intricacies and brings friendlier user experiences to both new and advanced DeFi adopters.

The future of finance certainly has DeFi written all over it and 3Key Technologies is here to aid in the simplification of DeFi.